This report is provided by MacroTerms.com

Data as of: 2026-10-16 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)
Generated: 2026-10-16 07:07:14 · Benchmark settle: 2026-10-15
Body, Best Trade and charts share the same settlement snapshot; intraday live prices are not part of conclusions

2026-10-16 China Futures Morning Report: Shanghai Silver Falls Nearly 5%, Leading Market Decline; Crude Oil SC Stabilizes After Night Session Giveback

Precious metals and nonferrous metals fell in tandem, with Shanghai silver down -5.34% on the day and leading declines, followed by Shanghai copper -1.86% and Shanghai nickel -2.02%; a strong US dollar and long-position reductions ahead of CPI were the main drivers. Crude oil SC fell -4.51% in the day session but closed at 726 in the night session, up +0.11% versus settlement, with geopolitical premium supporting the cost side. The black series diverged: rebar added positions and edged down -0.16%, near the lower end of the 20-day range, while the coil-rebar spread at 171 yuan sits at the 5th percentile, limiting hot-rolled coil downside.